Oil & Gas | Interview | November 2020
Between 60 to 70% of costs in a business are associated with supply chain. SVP James Wagstaff from PowerAdvocate and Aaron Paul Kelley from Upstream discuss the impact supply chain has on managing costs for operators worldwide and how Chief Procurement Officers can negotiate more effectively when they have the right data tools at hand. By combining the internal and external market data lens, operators can generate significant cost savings and build resilient supply chains.
The interview answers questions such as where are most companies missing the mark and how can senior executives appeal to investors on managing costs.